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VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/29/13 -- ATAC Resources Ltd. (TSX VENTURE:ATC) ("ATAC") announces that it has granted incentive stock options under its Incentive Stock Option Plan to its directors and officers and certain employees and consultants, entitling them to purchase up to a total of 2,030,000 shares at a price of $1.80 per share for a period of five years. All of these options are subject to vesting provisions under which 25% of the options will vest at the conclusion of each three months during the first year of the exercise period.

ATAC also announces that the exercise price of options previously granted to certain employees and consultants in respect of a total of 1,375,000 shares has been reduced from $7.00 to $1.80 per share, subject to regulatory acceptance. No options currently held by ATAC officers or officers have been re-priced.

On behalf of Management and the Board of Directors of ATAC Resources Ltd.

Graham Downs, CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

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